Oil Palace Owner Pleads Guilty to Drug Possession

A Tyler businessman, known for his ownership in The Oil Palace, plead guilty to federal drug charges Tuesday afternoon.

Bobby Joe Manziel (64) admitted under oath that he invested in cocaine and attempted to sell the drug in Dallas. Manziel also agreed that other individuals participated in the trade with him. One of the names mentioned by U.S. attorneys in court was that of Red Oak resident Jimmy Stanton. Manziel admitted to calling Stanton and arranging for him to transport cocaine from Tyler to Dallas.

Manziel pled not guilty to the same federal drug charge back in October. He now faces 5 to 40 years in prison and up to a $2 million dollar fine. U.S.marshals took Manziel into custody after he made his change of plea.